Smart Machines market 2015 to grow at a CAGR of 19.78% by 2019

A smart machine is a machine embedded with cognitive computing ability that uses artificial intelligence and machine learning algorithms to sense, learn, reason and interact with people in different ways. A smart machine can solve a problem accurately and precisely, and provide the desired output. The Manufacturing and Service sectors are the major end-users of smart machines.

Global Smart Machines Market 2015-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Smart Machines market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

A smart machine is embedded with cognitive computing ability in order to problem solve accurately and precisely, thereby provide the desired output. The need to provide quality products and services has led to the adoption of smart machines across sectors.

About the Report

The latest report focuses on the increased automation of production processes across industries, as it enhances production efficiency, reduces human effort and error and increases the quality of the end products. The report also emphasizes the development of smart machines that can be accessed through the cloud.

“Cloud-enabled smart machines are more affordable thanks to the ‘pay-per-use’ concept. Companies like Oracle are tapping into this model, and offering services such as the Oracle RightNow Virtual Assistant Cloud Service, which has features like proactive engagement, live chat escalation, mobile support and customer portal widgets. This trend towards cloud-based smart machines is expected to help sustain strong market growth in this segment over the next few years,”.